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Nine Elms Property Ltd, a wholly owned subsidiary of leading luxury real estate developer DAMAC International Limited, has renamed its premier international development to DAMAC Tower Nine Elms. Launched as AYKON London One, the award-winning project is set to mark London’s skyline by late 2020, with construction speeding ahead as planned.

Niall McLoughlin commented: “This is our premiere development outside of the Middle East, and a landmark project for the UK’s capital. As such, we have decided to leverage DAMAC’s global brand strength as a leading luxury developer, while paying homage to the neighbourhood”

DAMAC, a globally-recognized name with a 16-year track record of delivering over 21,700 luxury real estate units, has particular cachet with international investors, adding considerable value at sister properties across the world. This includes ‘DAMAC Tower’ developments in Dubai, in the UAE, as well as capital cities Beirut and Amman. The 50-storey residential tower is located in one of London’s prestigious residential addresses, Nine Elms on the South Bank, a significant business district and a new arts and culture centre for the city. The rebranding also honours the neighbourhood’s rich history, inspired by the row of picturesque English elm trees that lined the district’s main lane.

The project is on schedule for completion by December 2020, with most of the core work set for the initial 12 floors of the North Tower, while the South Tower has been raised to the second level. Leveraging modern technology construction solutions, the developer has set up live-view cameras for homeowners to remain updated on their investment. A rare opportunity to own a luxurious home in one of the most desirable international city, the project will comprise of apartments with superior finishing. The development will also feature a special ‘winter gardens’ area that offers panoramic views of London.

Visit damactower.co.uk

24/09/2018 09:36 by Buildington

You can now watch the AYKON London construction progress at https://viewer.timelapse.co.uk/Camera/aykon-one/Viewer

30/07/2018 09:55 by Buildington

Nine Elms Property Ltd, a wholly-owned subsidiary of leading luxury real estate developer DAMAC International, has awarded a £240 million contract to Multiplex for the construction of AYKON London One.

“AYKON London One is our premiere international development outside of the Middle East and a landmark project for the UK’s capital,” commented Hussain Sajwani, Chairman of DAMAC.

“Based on its 50-year track record and expertise in the construction industry, we are delighted to appoint Multiplex as the main contractor to build this iconic residential project which will be the first-of-its-kind in London. The project continues to garner interest from investors who appreciate such a niche investment opportunity and seek premium branded real estate in one of the most desirable cities in the world.”

The luxury branded residential tower is will become a new icon on the London city skyline, and will be the first in Europe to be designed in partnership with Versace Home.

The 50-storey tower will comprise of studios, one, two and three bedroom apartments, complemented by premium finishings and feature special ‘winter gardens’ that offer panoramic views of the city.

“We are pleased to have been selected to deliver the AYKON London One project and look forward to a long and fruitful relationship with DAMAC,” commented Ashley Muldoon, CEO Multiplex.

“We have an enviable track record of completing on time, on budget and to the highest quality and design criteria and a prestigious project such as this allows us to demonstrate our proven capabilities.”

The development will create 450 new homes and is sited within Zone 1 at Nine Elms on the South Bank, part of a wider multi-billion pounds regeneration scheme that includes the redevelopment of Battersea Power Station as well as the location for the new US Embassy. The Versace-branded tower, designed by architect Kohn Pedersen Fox Associates and valued at €645 million, is scheduled for completion in 2020 and is already 45% pre-sold.

In addition to residential units, AYKON London One will comprise four storeys of office space and will contain a sky bridge between the south building and north tower, which is topped by an extensive roof garden at level 24. Further residential amenities include a children’s play area, expansive indoor swimming pool, Jacuzzi, state-of-the-art gymnasium, residents lounge, hospitality services as well as 9,924 sq ft of communal gardens.

26/12/2017 21:40 by Buildington

Byrne Bros. reports that it has commenced work on the 50-storey AYKON London One and the adjacent smaller tower, which is topped with a roof garden at level 24.

28/10/2017 09:44 by Buildington

Nine Elms Property Ltd, a wholly-owned subsidiary of leading luxury real estate developer DAMAC International, has awarded a £240m contract to contractor Multiplex for the construction of its ultra-luxury AYKON London One.

“AYKON London One is our premiere international development outside of the Middle East and a landmark project for the UK’s capital,” commented Hussain Sajwani, Chairman of DAMAC. “Based on its 50-year track record and expertise in the construction industry, we are delighted to appoint Multiplex as the main contractor to build this iconic residential project which will be the first-of-its-kind in London. The project continues to garner interest from investors who appreciate such a niche investment opportunity and seek premium branded real estate in one of the most desirable cities in the world.”

The luxury branded residential tower is set to become a new icon on the London city skyline, and will be the first in Europe to be designed in partnership with famous Italian fashion house, Versace Home.

The 50-storey tower, located in one of London’s most prestigious residential addresses, will comprise of studios, one, two and three bedroom apartments, complemented by premium finishings, and feature special ‘winter gardens’ that offer panoramic views of the city.

“We are pleased to have been selected to deliver the AYKON London One project and look forward to a long and fruitful relationship with DAMAC,” added Ashley Muldoon, CEO Multiplex. “We have an enviable track record of completing on time, on budget and to the highest quality and design criteria and a prestigious project such as this allows us to demonstrate our proven capabilities.”

The development will provide 450 new homes and is sited within Zone 1 at Nine Elms on the South Bank, part of a wider multi-billion pounds regeneration scheme that includes the redevelopment of Battersea Power Station as well as the location for the new US Embassy.

The Versace-branded tower, designed by architect Kohn Pedersen Fox Associates and valued at EUR 645 million, is scheduled for completion in 2020 and is already 45 percent pre-sold.

In addition to residential units, AYKON London One will comprise four storeys of office space and will contain a sky bridge between the south building and north tower, which is topped by an extensive roof garden at level 24. Further residential amenities include a children’s play area, expansive indoor swimming pool, Jacuzzi, state-of-the-art gymnasium, residents lounge, hospitality services as well as 9,924 square feet of communal gardens.

45% of the building has already pre-sold according to Mubasher.info.

24/08/2017 05:14 by Buildington

Aykon London One residential development has already pre-sold over 45 per cent, reports DAMAC Properties.

24/07/2017 10:27 by Buildington

Lendlease has been appointed preferred partner by Nine Elms Property Ltd, a wholly owned subsidiary of leading luxury real estate developer DAMAC International, to build AYKON London One.

Set to become one of London’s tallest residential buildings, the 50-storey AYKON London One will be one of London’s most prestigious residential addresses and the first of its kind in Europe to be designed in partnership with leading international fashion house Versace Home.

The development will provide 450 new homes and is sited within Zone 1, at Nine Elms on the South Bank, part of a wider multi-billion pounds regeneration scheme that includes the redevelopment of Battersea Power Station as well as the location for the new US Embassy.

Hussain Sajwani, Chairman of DAMAC Group commented: “AYKON London One is a landmark project and our first major international development outside of the Middle East. We have great confidence in the London marketplace and this project is already proving to be highly desirable to customers and investors from within the UK as well as other parts of the world. We are delighted to be working with a respected partner such as Lendlease.”

Neil Martin, Managing Director of Construction for Lendlease Europe, also said: “We are excited that DAMAC Group has chosen Lendlease to deliver its flagship project in the UK. Our strategy of taking a selective approach to bidding is paying off, and is allowing us to focus on prestigious projects such as this one. We’re looking forward to building a strong relationship with the DAMAC team."

In a total investment worth in excess of £645 million, AYKON London One will also offer an allocation of affordable housing, together with office, retail and amenity accommodation across two-interlinking towers. The four-storey office space is located above the affordable residential floors at the top of the south block. This forms a habitable sky bridge between the south building and north tower, which is topped by an extensive roof garden at level 24. Further residential amenities include a children’s play area, expansive indoor swimming pool and Jacuzzi, state-of-the-art gymnasium, residents lounge, hospitality services as well as 9,924 square feet of communal gardens.

24/08/2016 12:29 by Buildington

Nine Elms Property Development Ltd, a subsidiary of DAMAC International Limited, has announced a re-branding of its premier residential project in London.

AYKON Nine Elms, the 50-storey tower with interiors by Italian fashion house Versace, has been renamed AYKON London One, in a tribute to the skyscraper tower being the only ‘One’ in central London with all 50 storeys’ interiors co-branded with such a premium Italian fashion house as Versace.

The re-alignment of the project’s name coincides with the launch of a further limited release of luxury units. More than 50% of the first phase of release have been sold since the launch only six months ago.

Niall McLoughlin Senior Vice President, DAMAC Properties, said: “Evolution is a continuous process in this ever-changing environment and real estate developments are no exception to this. From the moment of inception of a project, various factors should be continuously re-assessed and evolved in line with the ever-changing dynamics of the market and trends and this is the basis that prompted our re-branding.”

He added: “By showcasing the strategic location of the development and the unique design concept of the tower, it immediately places the development at the pinnacle of its market, backed up, of course, by its unique product offering. On the one hand, the name encapsulates London’s position as the world’s most popular capital, while the name also lends itself to the architectural wonder that AYKON London One will be. We found it most fitting for the new name to mark a fresh release of units in the next exciting phase in its evolution.”

London remains a key destination for the affluent from all corners of the globe and premium properties are most sought after, evidenced by the phenomenal rise in property prices and rents in such locations.

McLoughlin added: “With this demand in mind, and fortified by our deep understanding of what the affluent seek in a property, either as their ultimate home or as a high-yielding investment, we partnered with Versace Home, to develop AYKON London One and created a unique concept offering designer interiors in what is indisputably one of the most attractive and sustainable real estate markets in the world.”

The neighbouring Vauxhall area has witnessed a 69% rise in residential prices since 2010, according to a Knight Frank report published in 2015 and London’s year-on-year price growth rate is in the region of 6%.

In addition, according to real estate advisory firm Jones Lang Lasalle, it is expected that the growth rate will continue in this trend in the coming years.
According to the most recent Knight Frank Wealth Report, the number of ultra-high-net-worth individuals in the UK is expected to rise by 30% in the next 10 years, reaffirming that luxury properties in prime locations will remain in demand for years to come.

What remains unchanged about the project is its iconic design, from world-class architects, Kohn Pederson Fox Associates, and the collaboration with prestigious Italian fashion-house, Versace Home. The partnership represents the first-of-its-kind in Europe and the project has been very well received since its launch in July 2015.
AYKON London One, scheduled for completion in 2020, combines a mix of premium penthouses, three-, two-, one-bedroom and Manhattan Studio units with City and River views along the Thames to the Palace of Westminster and the London Eye. Rich amenities, including the state-of-the-art gymnasium, indoor swimming pool, spa and private residents’ lounge, along with children’s play area, roof gardens and cinema, all designed by Versace Home, will present the ultimate in high-end luxury living.
The exclusive development is nominated to win in the 2016 RESI Awards, organised by Property Week, which recognises the best developers and projects in the residential property market. The AYKON London One development has been shortlisted in the “Development of the Year” category.

DAMAC International is an associate of DAMAC Properties, one of the largest luxury real estate developers in the Middle East region, with an enviable portfolio of projects across the region. Having initially specialised in high-rise, luxury private apartment projects in the most sought-after locations in Dubai, the company is now developing major master plan developments, golf course communities, hotels and hotel apartments across the region. DAMAC Properties now works with some of the most recognisable names in the world of fashion and design, including developing a limited edition real estate collection with such companies including Versace, FENDI, Paramount Hotels & Resorts, Tiger Woods Design and others.

21/03/2016 07:59 by Buildington

A dedicated sales centre for AYKON Nine Elms with interiors by Versace Home has been opened in Dubai to cater to the high demand from Middle East investors.

The 50-storey tower overlooking the River Thames, which was launched in London in July, has seen all phase 1 sold out in just 10 weeks.

“Following the launch of this exciting project in London, Singapore and Hong Kong, we are now making sales available directly here in the Middle East,” said Niall McLoughlin, Senior Vice President, DAMAC Ocean Heights Co LLC, AYKON Nine Elms’ sales representative in the Middle East.

“We have been encouraged by the very positive response to the luxury living concept at AYKON Nine Elms and expect to see more buyers from this region now that we have a full team and private offices for those looking to purchase a prime home in one of the most desirable locations in London.”

Due for completion in 2020, AYKON Nine Elms will be the first private residence project of scale in London to be fully designed and conceptualized by a luxury fashion house, with Versace involved in all aspects of design.

Prices for the luxury units start at £900,000, with units offering views of the City and River, to the Palace of Westminster and the London Eye. The lobby and interiors for each property will be expertly designed and fitted out by Versace Home. Amenities will include a state of the art gymnasium, indoor swimming pool & spa, an owners lounge, children’s play area, cinema and outdoor garden areas, all designed by Versace Home.

AYKON Nine Elms, designed by architects Kohn Pedersen Fox Associates (KPF) will complement the emerging tall buildings in the northern part of the area, creating a clear distinction between the character of Albert Embankment and the form of the Nine Elms development, whilst contributing positively to the skyline’s variety of tall buildings locally.

Interested investors in AYKON Nine Elms can visit the sales centre at DAMAC Maison Dubai Mall Street in the Burj Area of Dubai.

The Guardian visited the global launch event of Aykon Nine Elms at the Dorchester hotel. The prices started at £711,000 for a studio and £50,000 for a car parking space. On leaving, the buyers were presented with a goody-bag including a Versace bowl with a gold-coloured Medusa head.

Luxury real estate developer DICO UK Property Holdings Ltd, a wholly owned subsidiary of DAMAC International Limited, announced the first of its fashion residences in London with a 50-storey, 360 unit project with interior designs by Versace. The lobby, amenities and interiors for each property will be expertly designed and fitted out by Versace Home.

Amenities will include a state of the art gymnasium, indoor swimming pool and spa, an owners lounge, children’s play area, roof garden and cinema, all designed by Versace Home.

AYKON Nine Elms is located at the heart of the UK capital’s Nine Elms regeneration area adjacent to Battersea, overlooking the River Thames. The tower is due for completion in 2020. AYKON Nine Elms will be the first private residence project of scale in London to be fully designed and conceptualized by a luxury fashion house, with Versace involved in all aspects of interior design.

AYKON Nine Elms combines a mix of premium penthouses, three-, two-, one-bedroom and Manhattan Studio units with City and River views along the Thames to the Palace of Westminster and the London Eye.

Gian Giacomo Ferraris, CEO of Versace said: “Versace is synonymous with fashion and luxury and its participation in the real estate business provides the opportunity to fully experience the Versace lifestyle. In recent years, the private residential projects have become a strategic part of the Versace world. Today, thanks to the collaboration with DICO UK Property Holdings Ltd and DAMAC - a developer who we have worked with for many years and who shares our vision for the highest standards - we bring the ultimate expression of Versace’s lifestyle to the very heart of London.”

London continues to be one of the most sustainable real estate markets in the world, with solid year-on-year price growth circa 6% according to real estate advisory firm, JLL. Analysts expect house price inflation in the region of 5-7% in the coming years.

“There is a huge appetite from our current global customer base for luxury property investments in London,” said Hussain Sajwani, Chairman of DAMAC. “AYKON Nine Elms presents an unrivalled opportunity for them to access the stable and established London market. AYKON Nine Elms, with Versace-branded living, is a truly unique concept and a fantastic addition to the residential market in this amazing cultural and vibrant city".

"It also presents prospective buyers with an unrivalled opportunity to own a luxurious central London home, in close proximity to the luxury shopping destinations of Knightsbridge and Mayfair, Chelsea and the planned Linear Park,” he added.

A host of internationally recognised companies are working on the project including one of the world’s preeminent architecture firms, Kohn Pedersen Fox Associates (KPF), Turner & Townsend (TT) and consultants including JLL and WSP.

The developer has said there will be an announcement about AYKON Nine Elms on 20th July, 2015 www.aykonproperties.com

10/07/2015 01:52 by Buildington

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